Inflation Rate in Region I Posted at 1.8 in Q2 2016
Purchasing Power of the Peso in Region I stood at 0.73 in Q2 2016
The Consumer Price Index (CPI) is one of the regular outputs of the Philippine Statistics Authority (PSA). The CPI served as an indicator of the movement of prices of a fixed basket of goods and services commonly availed by households relative to a given base year. The CPI is most widely used in the calculation of the inflation rate and purchasing power of the peso. It is a major statistical series used for economic analysis and as a monitoring indicator of the government economic policy. The important components of the CPI are the base period, market basket, weighting system, formula and the geographical area.
Uses of CPI